Saudi Fransi Capital to launch book building for Gulf Steel Works IPO on Nomu

26/11/2017 Argaam

 

Saudi Fransi Capital, the financial advisor and lead manager of the initial public offering (IPO) for Gulf Steel Works will launch the book building process on Monday, Nov. 27.

 

The company plans to sell six million shares, or 30 percent of capital, on the Nomu Parallel Market from Nov. 27 to Dec. 18.

 

The minimum share limit is 500 shares and the maximum is 999,999 shares. The allotment date is Dec. 19, 2017.

 

Gulf Steel Works (GSW), owned by Pan Gulf Holding, manufactures equipment and heavy steel structures for the hydrocarbon processing industries, fertilizers, process chemicals and primary utilities.

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